We are developing the social individualist meta-context for the future. From the very serious to the extremely frivolous... lets see what is on the mind of the Samizdata people.
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Any significant public health threat from Covid was over in the early part of 2021, as my colleague and I have previously argued. However the administrative classes – politicians, MSM, ‘public health experts’ and so on – kept the charade going for another two years to serve their various agenda-driven purposes.
Now, though, most of these people have decided that it is expedient for the insanity to be over politically. As usual, the details we discuss in this article relate to the UK, but it is a similar story across the western world. So why now?
The disastrous fallout has finally begun to dawn on the same apathetic middle-class liberals who took their furlough money to enjoy an extended sabbatical at home – in the halcyon days when “lives were more important than the economy”. Apart from the most dedicated acolytes of the Covidian cult, reality can no longer be denied: The socio-economic fabric of Western society is crumbling, as was so obviously predictable, and predicted, by ourselves and others.
“Artificial intelligence in particular conjures the notion of thinking machines. But no machine can think, and no software is truly intelligent. The phrase alone may be one of the most successful marketing terms of all time.”
Some work is going on under the hood, so Samizdata may be a bit dyspeptic for a while until things get sorted. Here are some cat pictures to make you less sad.
There is much anger in Ireland over the country’s ongoing housing crisis. The Dail put in place an eviction ban over the winter. It got them some good headlines for a while, but the ban had the usual effect of driving smaller landlords out of the market, making the crisis worse. The ban is due to expire on 31st March. This will result in many people being evicted simultaneously on 1st April. Reddit Ireland is outraged. Here is a thread titled “Disgraceful” about how many Airbnb properties are available compared to how few long term rental properties. In fact the comparison is false. As a commenter called “Th0rHere” says,“Airbnb shows listings even when booked (to make future bookings possible). Daft [a property website] shows only available places to rent right now, as your not going to advertise place to rent if it’s already being rented. These numbers are not comparable.”
Even so, it is true that an awful lot of Irish properties that used to be let to long term tenants are now given over to Airbnb. I have posted about the issue a couple of times. Why is this happening? Why would anyone choose the constant work and uncertainty of letting out their property as an Airbnb over the stability of having a long term tenant?
On that same “Disgraceful” thread, a Reddit Ireland commenter called “RestrepoDoc2” explained why:
If I was a property owner with an apartment or flat in a popular tourist area I’d have to weigh up the benefits of renting to someone on a long term rental compared to short term lets on Airbnb.
I can’t really come up with any benefits of a long term rental agreement other than less property management logistics ie. getting cleaners in, checking the property for damage or stolen items between guests and providing keys, codes etc.
The benefits of Airbnb to the property owner are nearly too abundant to outline in any real detail but just off the top of my head.
Security of your property, card details and passport details held by Airbnb, guest history, can meet them in person. Any antisocial behaviour in the property can be dealt with by local police as they can enter your property with your permission and make people leave (I assume).
You can rent it out as suits you, can stay in it when you want, store your property in a locked storage room there, let family or friends stay in it sometimes. You can do repair work or refurbishment when you want.
You don’t have to worry about if a tenant has job security, you don’t have to tiptoe around the subject of HAP or any disabilities a prospective tenant might declare to you at a viewing. You don’t have to consider arranging inspections of your property by RTB agents. You don’t need to pay for a professionally drawn up rental agreement, or drafted legal letters in case of non payment, damage to property, refusal to allow reasonable access for inspection, anti-social behaviour, notifications in writing of rent increases or end of tenancy etc. Then there’s the rent a mob crowds like CATU being legitimised by attention seeking opposition party TDs and local councillors. They will literally turn up to intimidate any property owner once a dispute is raised by a tenant whether they’re refusing to pay rent, squatting, changing the locks of your property etc.
There’s been several local councillors and a partially state funded organisation in Threshold literally advising people to break the law by refusing to move out of someone’s property even when given relevant notice and for permitted reasons. This is forcing property owners to seek a court order which could take another year etc. With the upcoming vote about extending the eviction ban and talk of further infringing on property owners rights. Realistically it may soon not even be possible to sell your property, to move a family member or yourself into the property, to carry out refurbishments on your own property.
Basically it would be madness to choose to provide a long term rental lease to somebody. Instead of fixing that mess of a situation caused by government intervention, they are trying to ban Airbnb or regulate it out of existence.
RestrepoDoc2’s comment got 3 upvotes, one of which was mine.
A comment from “Irish_drunkard” saying, “We banned Uber because it would effect our taxi business, why can’t we ban AirBNB?” got 985 upvotes.
“A bank without a chief risk officer is a bit like a football team without a left tackle. It’s not the sexiest position on the field, and most fans couldn’t recognize him without a helmet, but what the left tackle does is crucial. He’s the guy protecting the quarterback’s blind side when a 250-pound pass rusher is trying to pulverize him. Silicon Valley Bank not having a chief risk officer for a brutal year in tech was the equivalent of that left tackle walking off the field during a blitz.”
– Ben Cohen, Wall Street Journal ($). He is reflecting on how Silicon Valley Bank did not have a chief risk officer in place for eight months. The reason why classical liberals should focus on this aspect of the bank’s demise is because at the moment there are calls for yet more rules and regulations on banks. But the problem in my view is that there are plenty of rules, but they aren’t often enforced consistently, or intelligently. (Apologies to non-followers of NFL football, but I think you get the point of it.)
But Cohen adds this important caveat, which is another twist on the whole “moral hazard” argument that we hear about a lot when banks fail: “The existence of a chief risk officer created the appearance of proper oversight and satisfied regulators, but having someone to police risk meant the traders actually taking those risks might have felt they didn’t have to be so vigilant.”
Hmm. So in the end, having a CRO in place might, ironically, make a bank even more cocky because of the assumption that there is a person there to keep everyone on-point.
Vlad Vexler noticed that nearly everyone online was certain that Putin sent a body double to Mariupol rather than visiting himself. Then he ran a poll, which revealed that most people weren’t quite so sure, and actually more people thought it was more likely that Putin did go himself.
The point being that it is very hard to tell from the shouting and hollering in, say, social media commentary, what proportion of people really agree with a thing.
That institution might underestimate how much of the general population are actually not on board with these projects. It could happen because some of the leading newspapers, most of the universities, much of the discourse in the social media forums normalise something that might in fact have only persuaded a section of the population. It could be even some kind of elite, some kind of educated elite or some kind of urban elite or whatever. But that institution, let’s say the BBC, might go on as though actually 80% of the population are persuaded and it’s only 12% that are sort of not quite there because they’re irrational or because they are backward or don’t see things that way. But they’re a minority anyway. The problem isn’t whether these social justice projects are right or wrong; the problem is you’re assuming an act of persuasion has happened that hasn’t happened. […]
It’s so toxic to broadcast to the country and pretend that the 20% represents the 80%.
It can work the other way, too. In Vexler’s example, if the BBC writes an article and 7000 comments complain about it and only 1000 comments agree with it, it might become scared of shifting tides of culture, that the majority are against them, and they might start to take defensive measures; to treat as normal a minority opinion.
Vexler argues that these kinds of misjudgements cause political shifts and are dangerous for democracy. Even on a small scale I think it is unhelpful to go around thinking that Twitter, for example, reveals very much about what people are, in general, thinking.
You are almost certainly wrong, one way or another, about how many people agree with you*.
*Unless you are libertarian. Then the answer is 11
To the majority of people who believe lockdowns were right and necessary, the Covid era was no doubt distressing, but it need not have been cause to re-order their perception of the world. Faced with a new and frightening disease, difficult decisions were taken by the people in charge but we came together and got through it; mistakes were made, but overall we did what we needed to do.
For the dissenting minority, the past three years have been very different. We have had to grapple with the possibility that, through panic and philosophical confusion, our governing class contrived to make a bad situation much worse. Imagine living with the sense that the manifold evils of the lockdowns that we all now know — ripping up centuries-old traditions of freedom, interrupting a generation’s education, hastening the decline into decrepitude for millions of older people, destroying businesses and our health service, dividing families, saddling our economies with debt, fostering fear and alienation, attacking all the best things in life — needn’t have happened for anything like so long, if at all?
Self-described “Poe/history blogger and crazy cat lady” Undine @HorribleSanity has unearthed a page from an old children’s book with a moral likely to disturb most modern readers:
I wonder what this little girl is crying about ? O ! I have found out. John has taken the kittens from the old cat, and has drowned them in the pond ; and she is ready to call him a heartless creatore for doing so. Do you think he is ? O, no. It would be cruel, indeed, to torment the kittens as some children do ; but John was told to drown them for the convenience of the family ; so dry up your tears, Miss Lucy.
When I was a child my mother told me that when she was a child in the late 1930s and early 1940s it was still routine for litters of kittens to be drowned. There was a local man who probably made a living as a general odd-job man but who my mother and her sister hated because they saw him only in his role as “the kitten-drowner”. When my grandmother called him round to do the deed, my mother and her sister would hide while it was done and be upset for days afterwards.
But what else were people to do back then? If nature is allowed to take its course, a female cat can easily bear three litters a year. Let’s say three kittens per litter. Where you had one cat you now have ten, and it is not just your Tibbles doing that, but every cat in the neighbourhood, and it is not long before the kittens grow up and start mating with each other. To be sure, the geometric progression will not continue forever. That’s because in a society that has no practical means to stop them breeding, most stray cats either starve to death or are killed by the almost equally uncontrollable population of stray dogs. Unless, that is, someone spares them from this miserable life and lingering death by killing them in a relatively merciful way soon after birth.
Dogs, it is true, can usually be kept from breeding by not letting them run loose. But for most of human history the whole point of having a cat was that it would feed itself and earn its place in a human home by killing mice. It can’t do that on a lead. Commercially made cat food began to be produced in the 1930s. So it did exist when my mother was a child but only as a luxury product. Her family were far from rich. Their cats were given table scraps to supplement their main diet of mice, but the idea of paying for meat to feed a cat when humans often went without would have seemed ridiculous.
Given that she is a history blogger with a specific interest in what TV Tropes calls “Values Dissonance”, I am sure Undine knows all this, but some of her audience clearly have not thought it through. “I hope whoever wrote that is burning in hell,” says one of the replies to her tweet.
Rather than call down damnation on people for whom killing kittens was the least inhumane option, it would be better to call down blessings on those who made it no longer necessary. Those who developed anaesthetics are rightly praised for having freed humans from much suffering, both by making surgical operations pain-free and by making surgery more likely to succeed because it no longer had to be done at speed. These benefits quickly filtered down to animals, too, first to bulls and stallions, and then on to smaller animals like cats and dogs. They can do surgery on hamsters now. If you think that wasteful, remember that the benefit of being able to save a pet goes not just to the animal but to the humans who love it.
As I said, we rightly praise the pioneers of medicine who made this happy situation possible – but the biggest driver in changing possibility to fact was the capitalist system that made us so much richer than our ancestors. We can afford to buy food specially for cats. We can afford to take cats to the vets to get the snip, and to have their annual injections done and their ailments treated. Now that their offspring are greatly reduced in number, we can afford to support animal shelters that will find homes for them if the card in the newsagent’s window doesn’t work. We can afford not to drown kittens.
“Deposit insurance is a cancer at the heart of the capitalist system, destroying its ethical foundations. Rich depositors should not be able to secure returns, in the good times, for investing in fundamentally riskbearing activities (which fractional reserve deposits are, by their nature) but then be bailed out by the government when times are tougher. And banks are the largest allocators of capital in the economy – so this fundamental injustice gets spread across the entire economic system.”
A problem in much of the West is that the large investors who have been bailed out, such as those who did so via Silicon Valley Bank, or Credit Suisse, etc, is that they tend to be politically quite powerful. A lot of the north Californian business class, for instance. And it tends to vote Democratic.
I like the following comments by Adrian Wooldridge, the journalist, writing in Bloomberg ($ paywall) a week ago:
The humanities at their best are also perfectly equipped to provide an education in something that has been sadly lacking in recent business history: human judgment. The notion of judgment might sound a bit vague — certainly compared with the profit and loss of the business balance sheet or the ones and zeros of the digital economy — but the difference between a successful leader and a mediocre one does not lie in the amount of information they possess. It lies in the very human ability to process a vast mass of ambiguous information — sales patterns, technological innovations, political threats — and then make a rapid decision under pressure. The importance of judgment is growing as the world becomes more uncertain and trade-offs become more pressing. Who knows? Perhaps this week’s financial turmoil could have been avoided if Greg Becker, the CEO of the just-shuttered Silicon Valley Bank, had studied the humanities at Indiana University instead of majoring in business.
A preference for deceptive certainties over fuzzy truths has arguably been the biggest problem for business in recent years. Businesspeople have grown incomparably rich since the 1980s by embracing the deceptive certainties of business theory while forgetting the great truths of political theory. They have embraced the cult of shareholder value (paying themselves like owners rather than employees) while also providing themselves with golden parachutes and exploiting every accounting trick in the book. But in so doing they have whipped up popular fury that is threatening to overturn business civilization (and will not be placated by a few bromides about diversity and sustainability).
They would have been wiser if they had studied classical political theory along with contemporary economics and business theory. Aristotle argued vigorously for the “golden mean” on the grounds that a prosperous middle class is necessary to long-term stability. Plato insisted that elites inevitably collapse if they give way to their own appetites rather than restraining themselves in the interest of the public good. Surely Plato+Aristotle is a better formula for understanding the state of modern America than any number of business theorists?
I’d like to quote the whole article but there is a copyright/subscription issue, and I am a free marketeer and respecter of property, after all.
Far from robbing anybody of surplus value, Capitalism is like a benevolent ancestor who, instead of consuming all the port that he could get – as some ancestors did – laid down an enormous cellar of it for the use of future generations. And every one who is now alive in this country, and millions abroad likewise, are now able to help themselves to bottles of the grand old vintage then laid down and now ready for us, crusted, fruity, full of ripe flavour and rich bouquet. For none of us could have been so well off, and many of us could not have been born at all, if Capitalism had not done this deed, and done it judiciously and well.
– Hartley Withers, The Case for Capitalism, 1920 p239. Withers was editor of the Economist between 1916 and 1921. It’s a good analogy, or ought to be. It ought to make you think of science, shipping, railways, hospitals, educational institutions. Unfortunately, in my case it – especially the “rich bouquet” bit – makes me think of sewers.
The Samizdata people are a bunch of sinister and heavily armed globalist illuminati who seek to infect the entire world with the values of personal liberty and several property. Amongst our many crimes is a sense of humour and the intermittent use of British spelling.
We are also a varied group made up of social individualists, classical liberals, whigs, libertarians, extropians, futurists, ‘Porcupines’, Karl Popper fetishists, recovering neo-conservatives, crazed Ayn Rand worshipers, over-caffeinated Virginia Postrel devotees, witty Frédéric Bastiat wannabes, cypherpunks, minarchists, kritarchists and wild-eyed anarcho-capitalists from Britain, North America, Australia and Europe.
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